A Jandakot industrial property leased by security firm Chubb and lift manufacturer Otis Elevator has hit the market, with selling agents Colliers International expecting it to fetch a price tag of around $8 million.
Colliers International director of investment services, Nicholas Agapitos, said the property, which has annual rents of more than $500,000, was being sold by a private investor.
“There is strong interest in the market among private investors, syndicates and offshore groups,” he said.
“United Technologies is a massive international company that is tracking very well and is an appealing tenant for investors looking for a securely leased asset.”
“Very few well-leased investments, whether industrial or commercial, are available at this point in the property market cycle,” Mr O’Meara said.